Temasek may pick 33% more in Manipal Health to become majority shareholder
Of the existing investors in Manipal Health, private equity fund TPG Capital Management would sell 10% from its 22% stake, while National Infrastructure Investment Fund (NIIF) would sell its entire 8%, said the people, who spoke on the condition of anonymity as the talks are in private domain.
Govt extends tenure of Bank of Baroda MD Sanjiv Chadha
The final decision on the FSIB recommendation would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. The Bureau in November 2022 suggested the name of K Satyanarayana Raju for the position of MD and CEO of Canara Bank. Raju is currently Executive Director with the bank. Raju is […]
Proposal to ease FPI norms for NRIs back on the table
The capital markets regulator held a few meetings about a month ago with some of the custodian banks and few large consultants to revisit the proposal to relax conditions on NRIs investing through an FPI vehicle, a registered fund pooled in a tax haven such as Mauritius and Singapore, three persons aware of the discussions […]
SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale
The government and LIC together are looking to sell 60.72% in IDBI Bank and had invited bids from potential buyers last October. The two together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.
A decisive close above 18,100 Can help Nifty break out to 18,250
Indian equities have been underperforming, partly owing to the regional reallocation of money in the new year. This year, foreign portfolio investors have been net sellers to the extent of Rs 14,123 crore in the secondary market.
Treasury bond investors are at crossroads with Fed pause in sight
Short- and intermediate-term yields declined sharply, reaching the lowest levels in three months, while the 10-year slid below 3.5%, extending a rally from about 3.8% at the start of the year.
Inflation is the biggest threat today and central banks have to do a little more to bring it down: Bill Winters
I think the biggest threat is inflation and the inability of central banks to actually control inflation. When you just read the headlines, you think that the inflation problem is behind us. Well, it’s not right